“There are continuing concerns about the world’s economy, and it’s important to ask a key question: Are you ready for a possible double-dip recession? “asks Mr. Corbell. He quotes Gartner and provides additional tips for CIOs.
“Certainly, many global economic trends are eye-opening,”
The business-performance consultant believes federal stimulus spending that totals more than $1 trillion has been inefficient.
“Relatively few jobs are being created and there are constant calls for more spending,” he reasons. “Policies are detrimental. The healthcare reforms are anything but productive. The legislation created 19 new taxes, it lacks cost-controls, and insurance premiums are mounting.”
He says state and local governments have been overspending with too-little accounting for funds, too, and they are still increasing taxes and slashing services.
“Businesses are disappointed and many lack an incentive to invest in human resources, marketing and technology,”
So, he agrees with technology-research study by Gartner that recommends that chief information officers should get ready for another downturn. Gartner’s study is titled, “Plan for a Second Recession, Now.”
For The Biz Coach analysis including recommendations, see his business-coaching column, “Tech Planning: What If There’s A Double Dip?” (http://www.bizcoachinfo.com/
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As The New York Times referred to him in "Been There... Done That... Here's How", Terry Corbell has more than 30 years experience as a profit professional and business-performance consultant.
He is managing member of CMS Associates LLC, http://www.cmsassociatesllc.com and publishes his business-coaching columns at http://www.bizcoachinfo.com.
He is also published online at the Money News page of CBS-TV Seattle affiliate, KIRO – the “National 2009 Edward R. Murrow Winner for Overall Excellence.”
Society of American Business Editors and Writers (www.sabew.org)
Consultants West (www.consultantswest.com)